Suppose Duopolists Face the Market Inverse Demand Curve P =

question 57

Multiple Choice

Suppose duopolists face the market inverse demand curve P = 100 - Q,Q = q₁ + q₂,and both firms have a constant marginal cost of 10.If firm 1 is a Stackelberg leader and firm 2's best response function is q₂ = (100 - q₁) /2,at the Nash-Stackelberg equilibrium firm 1's output is

• A) 30.
• B) 40.
• C) 60.
• D) 70.

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End-goals

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Maya

In the context of history and anthropology, it refers to an ancient Mesoamerican civilization known for its advanced writing, architecture, and mathematical and astronomical systems.

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